IReeN Bulletin 22-12-16

Happy Christmas from IReeN

Just in case you all get bored over the Christmas period, here are a few items for you to read 

Many thanks to all those who completed our recent survey about the next round of National Meetings, there is still time to let us know your views. 

Please could you spare a couple of minutes to complete a short survey, so that we can plan an event to match members needs.

Please find attached the revised RTI RIM 2018 artefacts version 1.3.  The new version of the artefacts includes both a new data item for identifying payments in the FPS as serious ill-health lump sum pension payments and the associated validation.  Version 1.2 of the FPS (and of the RIM artefacts) was an unpublished, internal version:  the changes document therefore shows changes from v1.1 to v1.3.
 
We plan to make these changes available for testing in the TPVS test service from 16 January 2017, in the Local Test Service (LTS) from 13 February and in the Live service from March.
 
Pension schemes newsletter 83 has an update on reporting these lump sums, including confirmation that “…it will not be mandatory to report these payments using the RTI data field until 6 April 2018”.  These newsletters are available at
https://www.gov.uk/government/collections/hm-revenue-and-customs-pension-schemes-newsletters.
 
The 2017-18 Internet technical specifications page on GOV.UK will be updated in due course.
 
Bank account details
 
Employer Bulletin 62, available at
https://www.gov.uk/government/collections/hm-revenue-and-customs-employer-bulletin, indicated that HMRC will be contacting customers who have received a repayment by payable order and advising them of the benefits of electronic repayment.
 
HMRC will shortly be phasing out issuing repayments by payable order, replacing them with the faster, more secure method Bacs which will repay directly to a customer’s bank account.
 
To enable customers to receive repayments promptly they will need to be able to provide their bank details to HMRC via their software; the EPS provides this functionality.
 
Regards,  Software Developers Support Team

 Philip Hammond announces his Spring Budget Date
as Wednesday 8th March 

The December 2016 Employer Bulletin, Issue number 63, available on GOV.UK includes the following article regarding the collecting of information about car and fuel benefit via PAYE reporting:
 
“From April 2016, employers have been able to register to payroll car and car fuel benefits, meaning that the tax on the benefit is paid by the employee through their PAYE code in year and accounted for in real time by the employer.
 
Those employers who payroll car and fuel benefits are not required to report information about these benefits on forms P46 (Car) and P11D. We have indicated that we are developing alternative reporting mechanisms which we are planning to introduce from April 2018. From that date these employers will be required to report information about car and fuel benefits in their Full Payment Submission (FPS).
 
The introduction of the new requirements in April 2018 should allow employers the time they need to update their payroll systems and understand the new process to report the car data. In order to ensure a smooth transition to the new reporting requirements, employers can report the car data through their FPS from April 2017 if their payroll software facilitates this.
 
The reporting of car data for the tax year beginning 6 April 2017 is an entirely voluntary option and not a new requirement at this time. Voluntary reporting of the data will allow us to identify and resolve any issues with employers before the introduction of a mandatory reporting requirement.
 
Further information about reporting information on car and fuel benefits will be included in future Employer Bulletins and we will provide links to new guidance to support employers and their representatives who choose to report the information from 6 April 2017.”
 
Best regards, Software Developers Support Team

Statutory Payments

The Small Employers Relief threshold (£45,000) and recovery rate (3%) remain unchanged for 17-18, as does the standard recovery rate (92%).
 

As you are well aware, the apprenticeship levy is due to come into force on 6 April 2017. Following engagement with stakeholders, further guidance for employers has been produced this week. There is an article in today’s December Employer Bulletin which we have used to make employers aware of the guidance.
 
The guidance can be found at https://www.gov.uk/guidance/pay-apprenticeship-levy and the employer bulletin can be found at https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/577863/Employer_Bulletin_63.pdf
 
If you have any comments on the guidance, it would be really helpful if you could submit these through the feedback section at the bottom of the page (the link which says 'Is there anything wrong with this page?').
 
Technical consultation: draft regulations for the Apprenticeship Levy
 
Draft regulations 147B to 147J of the Income Tax (Pay As You Earn) Regulations 2003 which make provision for calculation, reporting, payment and recovery of the Apprenticeship Levy, were subject to consultation in the autumn. Some amendments have been made in response to comments received - notably an increase in reporting threshold from £2.8 million so employers only need to start reporting when their pay bill in the previous year exceeds £3 million. Some additional provisions relating to operation of the levy have also been included.
 
We have now issued a further technical consultation on the draft regulations. The draft regulations and accompanying document can be found at https://www.gov.uk/government/consultations/technical-consultation-draft-regulations-for-the-apprenticeship-levy.  If you have any comments on the draft regulations please email Lowri Barber at lowri.barber@hmrc.gsi.gov.uk by 3 February 2017.
 
Many thanks for your continued input, Customer & Stakeholder Engagement Team

Scots go their own way on income tax

The Scottish finance secretary has delivered his draft Budget for 2017/18, as Donald Drysdale reports from Holyrood for AccountingWeb.

And the Welsh could be following their lead

Read the report on BBC here


 Pensions Regulator needs stronger powers, MPs say

Read a BBC report following the collapse of the BHS pension scheme

The Electronic Exchange with Government user Network. WWW.IReeN.org.uk View our IReeN LinkedIn group?

Please think before you print
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